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May 8, 2024 · Federal Reserve Bank of Boston President Susan Collins said on Wednesday that the U.S. economy needs to cool off as an avenue toward getting inflation back to the central bank’s 2% target.
2 days ago · Collins, a longtime academic, is nearing her two-year mark as a Fed official. We asked about her biggest surprise about the role as a policymaker. "I knew quite a bit about the Boston Fed and the Federal Reserve. I didn't really fully recognize the breadth of the portfolio and the different ways that we work to really support a vibrant economy.
May 8, 2024 · Collins said Wednesday that she views rates in the current range of 5.25%-5.5% as having a "moderately restrictive" impact on the economy, but at a level that balances the risks of lowering rates ...
May 8, 2024 · Collins remains optimistic that inflation can be brought back to 2 percent in a reasonable amount of time and with a labor market that remains healthy. But she is realistic about the risks and uncertainties around that outlook. Uncertainty remains high in terms of the timing and full impact of monetary policy.
May 8, 2024 · Federal Reserve Bank of Boston President Susan Collins expressed confidence Wednesday that the current setting of monetary policy will slow the economy in the way she believes will be necessary to ...
May 8, 2024 · Collins also said it could take more time for interest rates to work, noting the effects of past rate hikes are usually seen within four to six fiscal quarters. The Fed has held interest rates at ...
May 8, 2024 · Collins, who noted the lack of disinflationary progress made in 2024, said slower economic growth will be necessary to make sure inflation remains on a sustainable path to the Fed’s 2% goal. She ...
